The Siyaram Recycling IPO minimum market lot is 3000 with ₹138,000 application amount. The IPO is a BSE SME IPO, and it will list on BSE.
Incorporated in 2007, Siyaram Recycling is primarily engaged in (i) segregation of brass scrap (ii) manufacturing of brass ingots, billets, and brass rods, and (iii) manufacturing of brass-based components (plumbing and sanitary parts). They manufacture various brass components (plumbing and sanitary parts) such as brass inserts, brass ceramic cartridges (brass spindles), brass valves, extension nipples, etc. as per the customer’s requirements, from their two manufacturing units (Unit-I and Unit-II) located at village Lakhabaval, district Jamnagar. Some of the renowned brands that are their customers include Hindware, ROCA, Eauset, Somany, Supreme, AGI Greenpac (formerly known as HSIL), and Ashirvad Pipes. For Fiscal 2022 and 2023, their revenue from brass-based components was ₹ 5,277.44 lakhs and ₹ 3,550.52 lakhs respectively, which contributed 12.47% and 7.20% of their revenue from operations.
IPOWatch View
We recommend investors may apply an IPO with Short-term and Long-term view. Investors should also look at the QIB, NII, and Retail numbers before investing.
Siyaram Recycling IPO Subscription Status – Day 3
| IPO Category | IPO Subscription Numbers |
| QIB | 96.43 |
| NII | 597.72 |
| RII | 459.11 |
| Total | 385.19 |
Siyaram Recycling IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Siyaram Recycling IPO Review
- May Apply
Siyaram Recycling IPO Form
How to apply for the Siyaram Recycling IPO? You can apply for Siyaram Recycling IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Siyaram Recycling IPO in the Invest section. The other option is you can apply for Siyaram Recycling IPO via IPO forms downloaded via BSE. Check out the Siyaram Recycling forms – Click BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
